Diamonds and Dogs
Netflix (NFLX) keeps soaring. Netflix is up 2% today and up over 50% this year on an upgrade from Oppenheimer with a $215 price target due to higher subscription prices. Netflix needs to raise prices to pay for their original content which will cost $7 billion next year compared to $6 billion this year.
Costco (COST) trading lower following earnings. The big box retailer fell 6% even though they beat earnings and sales numbers. Unfortunately, the retailer saw a decline in quarterly gross margins due in part to growing competition. Costco is launching a new grocery delivery service to compete with Amazon.com and Wal-Mart Stores